Legislating International Organization: The US Congress, the IMF, and the World Bank

Hardcover | November 25, 2011

byKathryn C. Lavelle

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In Legislating International Organization, Kathryn Lavelle argues against the commonly-held idea that key international organizations are entities unto themselves, immune from the influence and pressures of individual states' domestic policies. Covering the history of the IMF and World Bankfrom their origins, she shows that domestic political constituencies in advanced industrial states have always been important drivers of international financial institution policy. Lavelle focuses in particular on the US Congress, tracing its long history of involvement with these institutions andshowing how it wields significant influence. Drawing from archival research and interviews with members and staff, Lavelle shows that Congress is not particularly hostile to the multilateralism inherent in the IMF and World Bank, and has championed them at several key historical junctures. Congress is not uniformly supportive of theseinstitutions, however. As Lavelle illustrates, it is more defensive of its constitutionally designated powers and more open to competing interest group concerns than legislatures in other advanced industrial states. Legislating International Organization will reshape how we think about how the U.S.Congress interacts with international institutions and more broadly about the relationship of domestic politics to global governance throughout the world. This is especially relevant given the impact of 2008 financial crisis, which has made the issue of multilateralism in American politics moreimportant than ever.

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In Legislating International Organization, Kathryn Lavelle argues against the commonly-held idea that key international organizations are entities unto themselves, immune from the influence and pressures of individual states' domestic policies. Covering the history of the IMF and World Bankfrom their origins, she shows that domestic po...

Kathryn C. Lavelle is Associate Professor of Political Science at Case Western Reserve University, and author of The Politics of Equity Finance in Emerging Markets (OUP 2004).

other books by Kathryn C. Lavelle

Money and Banks in the American Political System
Money and Banks in the American Political System

Kobo ebook|Jan 14 2013

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Format:HardcoverDimensions:272 pages, 6.3 × 9.41 × 0.98 inPublished:November 25, 2011Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199765340

ISBN - 13:9780199765348

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Table of Contents

1. Congressional Advocacy Towards International Organizations2. Enacting a Multilateral Framework for Finance: Treasury and Congressional Compromise3. Building Constituencies for the Bretton Woods Framework: Banks, Big Business, and the Cold War Coalition4. Domestic Constituencies Speak: The End of Fixed Parity and the Rise of Development Lending5. Iron Triangles Go Global: The 1982 Debt Crisis and the End of the Cold War6. Widening the Circle, Narrowing the Outcome: The 1997 Asian Financial Crisis7. Reviving a Role for the Bretton Woods Institutions: the Financial Crisis of 20088. Conclusion